Binance Labs Invests in Telegram-Based Gaming Bot Catizen
Binance Labs has invested in Pluto Studio, the platform behind the Telegram-based web3 game Catizen. The gaming bot has attracted investor interest as market sentiments turned positive. Binance Labs continues to support crypto startups to foster industry innovation.
### Binance Labs Leads Funding Round
Binance Labs led a funding round for the GameFi project Catizen. This venture capital arm of Binance is known for financing web3 firms. Pluto Studio will use the funding to drive market growth, supporting the Catizen mini app and game engine development. This aims to onboard new developers.
Yi He, co-founder of Binance Labs, expressed excitement about the funding round and its potential to bring more users to web3. Ricky Wong, co-founder of Pluto Studio, appreciated the support, saying it boosts market confidence for building web3 entertainment infrastructure.
### Investors Eye Catizen Growth
The project boasts about 25 million players, with 1.5 million on-chain gamers. Catizen has dominated the TON network, being the top application for three straight seasons of The Open League. Players engage in activities to earn airdrops and can enhance their cats to climb leaderboards, potentially yielding higher returns. Social media buzz highlights the growth in web3 gaming and the TON ecosystem.
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